Retirement Fund Administrator at NMG Benefits

Job description

Key Performance Objectives

• Calculation and payment of claims i.e. withdrawals, retirements and deaths.
• Compiling of administration reports for the client.
• Monthly updating and full reconciliation of funds.
• Monthly/adhoc investments/disinvestment in line with Trustees’ mandates.
• Monthly payment of fees, risk benefits etc.
• Monthly updating of accounting transactions.
• Asset liability matching.
• Monitoring risk benefit providers in terms of underwriting requirements.
• Preparation for year-end audits.
• Issuing of member benefit statements.
• Compliance with fund rules and legislative requirements.
• Preparation of data for actuarial valuations/bonus declarations.
• Preparation of data for monthly unit price calculations.
• Preparation of data for consulting for risk re-broking exercise.
• Annual calculation and payment of consulting fees.
• New fund installations.
• Drafting of rule booklet summaries.
• Section 14’s – calculations and preparation of data for drafting.
• Fund amalgamations and terminations.
• Assist the portfolio manager, when required, to check claims, calculations, reports etc.

Minimum Qualification

Matric certificate.

Experience

• At least 5 years experience in the pensions administration environment.
• Sound experience in Pension Fund accounting.
• Sound experience in applying returns and balancing shares of fund.
• Good computer skills, particularly Excel.
• Good interpersonal skills.
• Good communication skills.
• Strong level of responsibility.
• Able to work independently.
• Competencies (skills required)
• Co-ordination Skills.
• Interpersonal Skills.
• Time Management.
• Problem Solving Skills.
• Communication Skills.
• Administration Skills.